Human Capital Management Software Market is estimated to grow with a CAGR of 6.1% during the forecast period

 

Human Capital Management Software Market size was valued at USD 16.3 billion in 2020 and expected to expand to USD 29.34 billion at a compound annual growth rate (CAGR) of 6.1%.  Human capital management (HCM) software, also known as an enterprise application solution, has become a necessity for all businesses as it automates time-consuming clerical duties such as employee data entry, payroll, and benefits administration.

Human capital management include the recruitment, training, and upgrading of skillsets of personnel, as well as the full exploitation of knowledge, all of which benefit the firm and improve overall workflow processes.

The report " Global Human Capital Management Software Market By Type (Software (Human Resource Management, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management, and Others (On-Boarding, Recruitment Marketing, and Talent Management)) and Services (Consulting, Support and Maintenance, and Integration and Deployment)), By Deployment Type (On-Premise Deployment and Cloud-Based Deployment), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises (SME’s)), By Vertical (IT and Telecommunications, Healthcare and Education, Government and Utilities, Media and Communication Services, Banking, Financial Services and Insurance (BFSI), and Others (Food and Beverages, Real Estate, Automotive, and Retail)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2030’’                                                             

Key Highlights:

·         Workday announced a partnership with Microsoft in May 2020. The goal of this agreement is to enhance cloud-based enterprise planning software by running workday adaptive planning on the Microsoft Azure cloud.

·         Ultimate Software released Employee File Management in July 2019, which allows HR professionals to quickly share documents with third parties regardless of their location.

Analyst View:

A prominent factor projected to fuel growth of the global human capital management software market over the forecast period is the increasing acceptance of employee evaluation solutions among various information technology (IT) enterprises throughout the world. Furthermore, advanced human capital management software features such as enterprise resource planning (ERP) solutions and software as a service (SaaS) are projected to help the target market's growth in the near future. The need for mobile human capital management applications is predicted to grow, as is the adoption of human capital management apps on smart phones by human resource departments in various enterprises.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/399

Key Market Insights from the report:

The Global Human Capital Management Software Market size was valued at USD 16.3 billion in 2020 and expected to expand to USD 29.34 billion at a compound annual growth rate (CAGR) of 6.1%. The global human capital management software market has been segmented on the basis of type, deployment type, organization size, vertical, and region.

·         Based on Type, Global Human Capital Management Software Market is segmented into Software (Human Resource Management, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management, and Others (On-Boarding, Recruitment Marketing, and Talent Management)) and Services (Consulting, Support and Maintenance, and Integration and Deployment).

·         Based on Deployment Type, Global Human Capital Management Software Market is segmented into On-Premise Deployment and Cloud-Based Deployment.

·         Based on Organization Size, Global Human Capital Management Software Market is segmented into Large Enterprises and Small and Medium-Sized Enterprises (SME’s).

·         Based on Vertical, Global Human Capital Management Software Market is segmented into IT and Telecommunications, Healthcare and Education, Government and Utilities, Media and Communication Services, Banking, Financial Services and Insurance (BFSI), and Others (Food and Beverages, Real Estate, Automotive, and Retail).

·         By Region, the Global Human Capital Management Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Human Capital Management Software Market:

Key players operating in the global human capital management software market includes SAP SE, Workday, Inc., Oracle Corporation, Employwise, Inc., Ceridian HCM, Inc., Paycom Software, Inc., Automatic Data Processing, LLC, Ultimate Software Group, Inc., International Business Machines Corporation (IBM), and Sumtotal Systems, LLC (A Skillsoft Company).

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

 

Comments

Post a Comment

Popular posts from this blog

Stock Music Market is estimated to be US$ 2.9 billion by 2032; Rise in Individual Content Creators to Fuel Market Growth

Image
  Music has become incredibly important as it elevates mood, helps in reducing stress, relieves symptoms of depression, and also helps in stimulating memories. Stock music is less expensive and has two types: royalty-free stock music, which is of lower costs and covers ongoing royalties and can be used on Facebook, YouTube videos, brand-sponsored content, and Instagram.  The growing adoption of digital technologies with newly launched music platforms has contributed to market growth. High demand for smartphones and the internet has enabled stock music to reach a global market or audience by making it easier to access music for content creators from different cultural backgrounds and regions, which is expected to fruitful the demand for  Stock Music Market  growth.  The report  “ Stock Music Market, By Type (Licensed Stock Music and Royalty-free Stock Music), By Application (Advertising, Gaming, Film Soundtracks, Television & Radio Broadcasts, and Others), By End-Users (Small &a
Read more

Human Machine Interface Market is estimated to be US$ 11.54 billion by 2030 and is anticipated to register a CAGR of 9.8%.

Image
  The report  " Human Machine Interface Market,   By Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI), By Configuration Type (Stand-Alone HMI and Embedded HMI), By End User (Process Industries and Discrete Industries) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)  - Global Forecast to 2029" .  The Human Machine Interface Market size is projected to grow from US$ 3.85 billion in 2018 to US$ 9.48 billion by 2028. The global human machine interface market is expected to register lucrative growth over the forecast period. This is attributed growing need for monitoring of production and responding to the changing demands through enhanced diagnostics is expected to drive the human machine interface market. Furthermore, development in wireless technology have open-up a new avenues for the human machine interface market. Moreover, the technologies li
Read more

Data Analytics Outsourcing Market is estimated to be US$ 19.35 billion by 2030 with a CAGR of 22.1% during the forecast period

Image
  Data Analytics Outsourcing Market accounted for US$ 2.6 billion in 2020 and is estimated to be US$ 19.35 billion by 2030 and is anticipated to register a CAGR of 22.1%  Data analytics outsourcing is a partnership model in which a corporation entrusts its data to a service provider in exchange for intelligent reporting. At the same time, the supplier handles infrastructure setup and support, as well as data management and analysis .   To arrive at a final conclusion, data is extracted and categorised in order to recognise and evaluate data trends. Data analytics outsourcing refers to the acquisition of data analytics services such as data science, data visualisation, data management, and statistical research in order to improve operational efficiency and meet high revenue goals. The report   "  Global Data Analytics Outsourcing Market, By Type (Business Analytics Outsourcing, CRM Analytics Outsourcing, Supply Chain Analytics Outsourcing, Risk Analytics Outsourcing, and Others),
Read more